Passing a marijuana banking bill is a priority during the upcoming summer work session in the Senate, but it “will not be easy” and needs GOP support to advance, Majority Leader Chuck Schumer (D-NY) said in a letter to colleagues that notably omitted his typical call for attaching criminal justice provisions like expungements. The letter […]| Marijuana Moment
A coalition of marijuana advocacy groups is asking that a bipartisan marijuana banking bill be expanded to include provisions ensuring that cannabis businesses have access to all forms of financial services—including the ability to be listed on senior U.S. stock exchanges. In a letter sent to Senate Banking Committee leadership on Thursday, the coalition SAFE […]| Marijuana Moment
A key Senate committee has officially scheduled a vote on a bipartisan marijuana banking bill, signaling that disagreements between certain Democrats and Republicans over key provisions have been addressed. The Senate Banking Committee formally released a schedule on Friday showing members will hold a markup of the Secure and Fair Enforcement (SAFE) Banking Act on […]| Marijuana Moment
A revised bipartisan marijuana banking bill has officially been filed in the Senate, one week before a key committee is scheduled to vote on the legislation. But its prospects in the GOP-controlled House remain uncertain, with a key committee chairman declining to say whether he’d take up the legislation if it crosses over to his […]| Marijuana Moment
A coalition of 35 cannabis trade associations, drug policy reform groups and a top national labor union are calling on Congress to help address the “humanitarian toll” of robberies targeting cash-intensive marijuana businesses by passing a bipartisan cannabis banking bill “this year.” As the Senate Banking Committee prepares to vote on the Secure and Fair […]| Marijuana Moment